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Chinese Yuan Likely To Fluctuate Moderately Against Dollar-Herald

CHINA PRESS
MNI (Singapore)

The yuan is likely to maintain a narrow range of two-way fluctuations against the U.S. dollar, with no basis for a sharp depreciation, supported by a high trade surplus and limited upward space for the dollar index, wrote Wen Bin, chief economist of China Minsheng Bank in an article run by 21st Century Business Herald. Though China-U.S. interest rates have inverted, the range has narrowed significantly since mid-June, said Wen. Global investors are still keen on domestic financial markets with the capital inflows under Shanghai-Hong Kong Stock Connect increasing, said Wen.

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